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Archived story2 articles · 2 publishers

Global bond sell-off piles pressure on UK borrowing costs

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UK borrowing costs have spiked amid a global bond sell-off, with the 10-year gilt yield near a 19-year high. The rise increases the upfront cost of government investment and limits the chancellor's room for manoeuvre before the budget, as Andy Burnham stands by his claim that Britain is too 'in hock' to bond markets.

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Global bond sell-off piles pressure on UK borrowing costs
Photo: The Guardian

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